AMFI Reports Launch of 17 schemes in May 2019
Jun 13 2019
News Category: Industry Update
According to the monthly data released by Association of Mutual Funds in India, 17 schemes were launched in May 2019. Of this, seven schemes were open-ended, which resulted in a fund mobilization of Rs. 2,365 crore, and 10 schemes were close ended, which accounted for fund mobilization of Rs. 835 crore. Open-ended launches included Overnight Fund, Floater Fund, Banking & PSU Fund, Multi Cap Fund and Small Cap Fund, while close ended launches comprised Fixed Term Plans and Capital Protection Oriented Schemes.